Income Taxes	12 Months Ended
Dec. 31, 2012
Income Tax Disclosure [Abstract]
INCOME TAX DISCLOSURE	INCOME TAXES The Company expects to qualify as a REIT for federal income tax purposes beginning with the taxable year ending December 31, 2012. For federal income tax purposes, distributions to stockholders of a REIT are characterized as ordinary dividends, capital gain distributions, or nontaxable distributions. Nontaxable distributions will reduce U.S stockholders’ basis in their shares. For the taxable year ended December 31, 2012, 2.5% (unaudited) of distributions to stockholders were characterized as ordinary dividends and the remaining 97.5% (unaudited) of were considered nontaxable distributions. As of December 31, 2012, the tax basis carrying value of the Company’s land and depreciable real estate assets was $32.7 million. During the year ended December 31, 2012, the Company incurred state and local income and franchise taxes of $22,000. For the taxable year ended December 31, 2011 , the Company was not taxed as a REIT and as such, none of the distribution declared was taxable to the stockholder. Rather, the Company elected to be taxed as a qualified subchapter S subsidiary of its sole stockholder under Section 1361(b)(3)(B) of the Internal Revenue Code of 1986, as amended, for the taxable year ended December 31, 2011. As such, the Company has no income tax provision recorded in its consolidated financial statements for the year ended December 31, 2011.

Income Taxes

12 Months Ended

Dec. 31, 2012

INCOME TAXES

The Company expects to qualify as a REIT for federal income tax purposes beginning with the taxable year ending December 31, 2012. For federal income tax purposes, distributions to stockholders of a REIT are characterized as ordinary dividends, capital gain distributions, or nontaxable distributions. Nontaxable distributions will reduce U.S stockholders’ basis in their shares. For the taxable year ended December 31, 2012, 2.5% (unaudited) of distributions to stockholders were characterized as ordinary dividends and the remaining 97.5% (unaudited) of were considered nontaxable distributions.

As of December 31, 2012, the tax basis carrying value of the Company’s land and depreciable real estate assets was $32.7 million. During the year ended December 31, 2012, the Company incurred state and local income and franchise taxes of $22,000.

For the taxable year ended December 31, 2011 , the Company was not taxed as a REIT and as such, none of the distribution declared was taxable to the stockholder. Rather, the Company elected to be taxed as a qualified subchapter S subsidiary of its sole stockholder under Section 1361(b)(3)(B) of the Internal Revenue Code of 1986, as amended, for the taxable year ended December 31, 2011. As such, the Company has no income tax provision recorded in its consolidated financial statements for the year ended December 31, 2011.